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	<title>Investment in renewable energy Archives - THEPHILBIZNEWS</title>
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	<title>Investment in renewable energy Archives - THEPHILBIZNEWS</title>
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	<item>
		<title>Gokongwei Group partners anew with Meralco for power needs</title>
		<link>https://thephilbiznews.com/2025/06/23/gokongwei-group-renews-partnership-with-meralco-for-reliable-and-sustainable-power-needs/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=gokongwei-group-renews-partnership-with-meralco-for-reliable-and-sustainable-power-needs</link>
		
		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Mon, 23 Jun 2025 03:04:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Sustainable Energy]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Cebu Pacific]]></category>
		<category><![CDATA[Gokongwei Group]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[JG Summit Olefins Corporation]]></category>
		<category><![CDATA[Lance Y. Gokongwei]]></category>
		<category><![CDATA[Manuel V. Pangilinan]]></category>
		<category><![CDATA[Meralco]]></category>
		<category><![CDATA[MPower]]></category>
		<category><![CDATA[RL Commercial REIT Inc.]]></category>
		<category><![CDATA[Robinsons Land Corporation]]></category>
		<category><![CDATA[Robinsons Supermarket Corporation]]></category>
		<category><![CDATA[Universal Robina Corporation]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=62420</guid>

					<description><![CDATA[MPower, the local retail electricity supply (RES) unit of Manila Electric Company (Meralco), and the Gokongwei Group have reaffirmed their long-standing partnership through a renewed RES contract, further entrusting the power needs of most of the latter’s major facilities across Luzon to one of the country’s leading retail suppliers. Under the new contract, MPower will [&#8230;]]]></description>
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<p>MPower, the local retail electricity supply (RES) unit of Manila Electric Company (Meralco), and the Gokongwei Group have reaffirmed their long-standing partnership through a renewed RES contract, further entrusting the power needs of most of the latter’s major facilities across Luzon to one of the country’s leading retail suppliers.</p>



<p>Under the new contract, MPower will now power an expanded list of Gokongwei Group companies from its flagship conglomerate JG Summit companies, namely Robinsons Land Corporation, Cebu Pacific, Universal Robina Corporation, JG Summit Olefins Corporation, and RL Commercial REIT, Inc. Also covered under the deal is Robinsons Supermarket Corporation, the supermarket chain under Robinsons Retail Holdings, Inc.</p>



<p>The contract renewal ensures that these major operations will continue to be powered reliably, competitively, and sustainably.</p>



<p>“This agreement goes beyond securing a reliable power supply – it represents our collective commitment to sustainability and innovation. With MPower as our partner, we are able to integrate a 60% renewable energy solution into our operations. This is a meaningful step forward in our journey to reduce our environmental impact while continuing to serve Filipino communities through our businesses,” said Lance Y. Gokongwei, President and CEO of JG Summit Holdings.</p>



<p>This significant milestone cements the continuing collaboration that 2013, when MPower first started supplying electricity to key companies under JG Summit. Over a decade later, this renewed agreement solidifies not only the trust and reliability that have defined the relationship but also the shared commitment to sustainable and efficient energy solutions.</p>



<p>“Our two groups have shared more than just business interests over the years—we’ve shared a deep commitment to nation-building, innovation, and service to the Filipino people. Through all the changes, one conviction has remained constant: that companies like ours must do more than generate value – we must create impact,” said Meralco Chairman and CEO Manuel V. Pangilinan.</p>



<p>“This partnership with JG Summit Holdings, through MPower, reflects that shared purpose as we work together to empower communities and contribute to a stronger, more sustainable Philippines,” Pangilinan concluded.</p>
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		<title>Globe marks World Environment Day with 33 sites now powered by clean energy, including Mindanao</title>
		<link>https://thephilbiznews.com/2025/06/05/globe-marks-world-environment-day-with-33-sites-now-powered-by-clean-energy-including-mindanao/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=globe-marks-world-environment-day-with-33-sites-now-powered-by-clean-energy-including-mindanao</link>
		
		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Wed, 04 Jun 2025 23:16:00 +0000</pubDate>
				<category><![CDATA[Business Solution]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Globe]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[Renewable energy]]></category>
		<category><![CDATA[World Environment Day]]></category>
		<category><![CDATA[Yoly Crisanto]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=61704</guid>

					<description><![CDATA[In celebration of World Environment Day, Globe is charging ahead on its climate action goals by expanding its use of clean energy to power a total of 33 high-energy utilization sites — and marking a significant milestone with the company’s first-ever batch of renewable energy-powered sites in Mindanao. This marks another step forward in Globe’s [&#8230;]]]></description>
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<p>In celebration of World Environment Day, Globe is charging ahead on its climate action goals by expanding its use of clean energy to power a total of 33 high-energy utilization sites — and marking a significant milestone with the company’s first-ever batch of renewable energy-powered sites in Mindanao.</p>



<p><a></a>This marks another step forward in Globe’s mission to decarbonize its operations and champion sustainability, one site at a time.</p>



<p><a></a>“Renewable energy has been a real, operational commitment for us for the past six years,” said Yoly Crisanto, Chief Sustainability and Corporate Communications Officer at Globe. “Each site we shift to clean power isn’t just about reducing emissions&nbsp;–&nbsp;it’s about building a future-proof network that puts people and planet first.”</p>



<p><a></a>Through its partnerships with licensed Retail Electricity Suppliers (RES), Globe is sourcing energy from off-site solar, wind, hydropower, and geothermal plants through the electricity grid under the Retail Competition and Open Access (RCOA) and the Green Energy Option Program (GEOP). As of the moment, GEOP can be tapped for facilities with a monthly average peak demand of 100 kilowatts or greater, and RCOA for those with 500 kilowatts or greater. These allow high-energy utilization sites and facilities to directly contract with retail electricity suppliers of renewable electricity.&nbsp;</p>



<p><a></a>As a result, the share of renewable energy in Globe’s overall electricity consumption grew from 14% in 2021 to 24% in 2024. This includes the company’s corporate offices and mixed-use facilities, which are now also powered by clean energy.</p>



<p><a></a>Over the next two years, Globe plans to power more than 150 sites with renewable energy through Power Purchase Agreements (PPA), on-site solarization, as well as leveraging the Retail Aggregation Program (RAP). The RAP is a scheme where two or more end-users with installed meters within a contiguous area are joined together to share the benefits of the RCOA program.&nbsp;&nbsp;These initiatives further deepen the company’s commitment to decarbonization and the clean energy transition.&nbsp;</p>



<p><a></a>These initiatives support the company&#8217;s Science-Based Targets initiative (SBTi) approved commitment: to reduce Scopes 1 and 2 emissions by 42% and cut Scope 3 emissions by 25% in 2030, based on the 2021 baseline. By 2050, the company aims to reduce absolute emissions across all three scopes by 90%.</p>



<p><a></a>Globe’s efforts also support the Philippines’ Nationally Determined Contribution to the Paris Agreement by helping increase demand for clean energy and reduce the country’s greenhouse gas emissions.</p>
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		<title>MPower enables Allegro&#8217;s renewal energy shift in PH</title>
		<link>https://thephilbiznews.com/2025/06/03/mpower-enables-allegros-renewal-energy-shift-in-ph/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=mpower-enables-allegros-renewal-energy-shift-in-ph</link>
		
		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Tue, 03 Jun 2025 05:44:00 +0000</pubDate>
				<category><![CDATA[Business Solution]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Allegro Microsystems Philippines Inc.]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[MPower]]></category>
		<category><![CDATA[Redel M. Domingo]]></category>
		<category><![CDATA[Renewable energy]]></category>
		<category><![CDATA[Ronald Dela Rosa]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=61631</guid>

					<description><![CDATA[MPower, the local retail electricity supplier of Manuel V. Pangilinan-led Manila Electric Company (Meralco), has enabled the transition of Allegro Microsystems Philippines Inc. (Allegro) to sustainable operations through a renewed Retail Electricity Supply Agreement. Allegro, which operates in Parañaque City, will now source 100% renewable energy supply from MPower under the new terms of their [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p>MPower, the local retail electricity supplier of Manuel V. Pangilinan-led Manila Electric Company (Meralco), has enabled the transition of Allegro Microsystems Philippines Inc. (Allegro) to sustainable operations through a renewed Retail Electricity Supply Agreement.</p>



<p>Allegro, which operates in Parañaque City, will now source 100% renewable energy supply from MPower under the new terms of their partnership.</p>



<p>The strengthened partnership between MPower and Allegro, which spans over a decade, represents a significant step toward advancing Allegro’s sustainability goals ahead of schedule.</p>



<p>Allegro Senior Director Controller Ronald Dela Rosa extended his gratitude to MPower “for a resilient and enduring partnership over the past 12 years.”</p>



<p>“Together, we’ve weathered periods of both stability and disruption with unwavering alignment and mutual trust. MPower has enabled us to achieve our five-year sustainability target early, accelerating our timeline. This marks a major milestone in our advocacy and stand to lead a more responsible semiconductor manufacturing,” he said.</p>



<figure class="wp-block-image size-full"><img fetchpriority="high" decoding="async" width="676" height="451" src="https://thephilbiznews.com/wordpress/wp-content/uploads/2025/06/viber_image_2025-06-05_05-02-10-951.jpg" alt="" class="wp-image-61654" srcset="https://thephilbiznews.com/wordpress/wp-content/uploads/2025/06/viber_image_2025-06-05_05-02-10-951.jpg 676w, https://thephilbiznews.com/wordpress/wp-content/uploads/2025/06/viber_image_2025-06-05_05-02-10-951-300x200.jpg 300w, https://thephilbiznews.com/wordpress/wp-content/uploads/2025/06/viber_image_2025-06-05_05-02-10-951-150x100.jpg 150w" sizes="(max-width: 676px) 100vw, 676px" /></figure>



<p>The renewed partnership is expected to deliver measurable environmental benefits, including a significant reduction in carbon emissions, while also aligning with global and local best practices for efficient energy use, which MPower proactively promotes.</p>



<p>“MPower’s provision of 100% renewable energy has enabled Allegro to realize its 2030 sustainability target at its manufacturing sites ahead of schedule. This success highlights the strength of our partnership and our shared commitment to clean energy transformation,” First Vice President and Head of MPower Redel M. Domingo said.</p>
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		<title>MSpectrum powers DHL Training Center with Solar Rooftop Project</title>
		<link>https://thephilbiznews.com/2025/05/29/mspectrum-powers-dhl-training-center-with-solar-rooftop-project/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=mspectrum-powers-dhl-training-center-with-solar-rooftop-project</link>
		
		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Thu, 29 May 2025 01:35:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Bevan Williams]]></category>
		<category><![CDATA[Charina P. Padua]]></category>
		<category><![CDATA[DHL Supply Chain]]></category>
		<category><![CDATA[DHL Training Center]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[Ma. Cecilia M. Domingo]]></category>
		<category><![CDATA[Manuel V. Pangilinan]]></category>
		<category><![CDATA[Meralco]]></category>
		<category><![CDATA[MSpectrum]]></category>
		<category><![CDATA[Power Consult]]></category>
		<category><![CDATA[Renewable energy]]></category>
		<category><![CDATA[Solar power]]></category>
		<category><![CDATA[Solar Rooftop Project]]></category>
		<category><![CDATA[Sustainable solution]]></category>
		<category><![CDATA[Zero carbon footprint]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=61354</guid>

					<description><![CDATA[MSpectrum, Inc., a wholly owned solar subsidiary of the Manuel V. Pangilinan-led Manila Electric Company (Meralco), turned over a 120-kilowatt peak (kWp) solar rooftop project to DHL Supply Chain to power its training center in Sta. Rosa, Laguna. The project is estimated to generate approximately 171,000 kilowatt-hours (kWh) of clean energy annually, enabling DHL to reduce its [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p>MSpectrum, Inc., a wholly owned solar subsidiary of the Manuel V. Pangilinan-led Manila Electric Company (Meralco), turned over a 120-kilowatt peak (kWp) solar rooftop project to DHL Supply Chain to power its training center in Sta. Rosa, Laguna.</p>



<p>The project is estimated to generate approximately 171,000 kilowatt-hours (kWh) of clean energy annually, enabling DHL to reduce its carbon footprint by an estimated 121 tons—equivalent to planting over 5,500 trees and eliminating more than 482,000 kilometers of vehicle travel each year.</p>



<p>&#8220;We are looking at building a few more sites powered by solar energy. It just makes so much sense, not just for this generation, but for future generations as well. We’ll continue to invest in solar panels, and we look forward to expanding and strengthening this partnership with MSpectrum,” DHL Country Managing Director Bevan Williams said.</p>



<p>Through this project, MSpectrum supports DHL’s energy efficiency efforts, reinforcing the logistics company’s commitment to sustainability as it expands its operations in the Philippines.</p>



<p>“As one of the largest and most respected logistics companies in the world, DHL’s commitment to innovation and sustainability is truly inspiring. It is a tremendous honor for us to be working alongside a global brand that shares our vision of a cleaner, greener future. This partnership is more than just a milestone—it is a meaningful step toward our shared vision of a future where solar rooftops are a common sight across the Philippines. With this project, we take one step closer to that future,” MSpectrum President and CEO Ma. Cecilia M. Domingo said.</p>



<p>This recent collaboration between MSpectrum and DHL marks a continuation of the growing partnership between Meralco and DHL, which began with the energization of the logistics company’s largest facility in Sta. Rosa, Laguna and was strengthened through Power Consult’s expert guidance on optimizing energy use.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="875" height="578" src="https://thephilbiznews.com/wordpress/wp-content/uploads/2025/05/IMG_0647.jpeg" alt="" class="wp-image-61356" srcset="https://thephilbiznews.com/wordpress/wp-content/uploads/2025/05/IMG_0647.jpeg 875w, https://thephilbiznews.com/wordpress/wp-content/uploads/2025/05/IMG_0647-300x198.jpeg 300w, https://thephilbiznews.com/wordpress/wp-content/uploads/2025/05/IMG_0647-768x507.jpeg 768w, https://thephilbiznews.com/wordpress/wp-content/uploads/2025/05/IMG_0647-150x99.jpeg 150w, https://thephilbiznews.com/wordpress/wp-content/uploads/2025/05/IMG_0647-696x460.jpeg 696w" sizes="(max-width: 875px) 100vw, 875px" /><figcaption class="wp-element-caption">INTEGRATING SUSTAINABLE SOLUTIONS. MSpectrum, Inc. is supporting the clean energy transition of DHL Supply Chain through a solar rooftop project in the latter’s training center in Sta. Rosa, Laguna.</figcaption></figure>



<p>“While DHL ensures the seamless movement of goods and keeps global supply chains running, Meralco delivers power that fuels your operations. Together, we drive progress and productivity that ripple far beyond our individual roles &#8211; creating opportunities and contributing to the development of a more resilient and inclusive nation,” Meralco First Vice President and Head Customer Retail Services Charina P. Padua said.</p>



<p>As an active nation-building partner, Meralco and its subsidiaries actively support the logistics sector with innovative solutions and empower stakeholders to further contribute to economic development.</p>
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		<title>Meralco, MSU-Iligan partner on energy education and innovation</title>
		<link>https://thephilbiznews.com/2025/05/16/meralco-power-academy-msu-iligan-institute-of-technology-partner-to-enhance-education-in-energy-and-innovation/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=meralco-power-academy-msu-iligan-institute-of-technology-partner-to-enhance-education-in-energy-and-innovation</link>
		
		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Fri, 16 May 2025 04:43:00 +0000</pubDate>
				<category><![CDATA[Business Education]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Power]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Investment in nuclear power]]></category>
		<category><![CDATA[Investment in power]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[Meralco]]></category>
		<category><![CDATA[Meralco Power Academy]]></category>
		<category><![CDATA[Mindanao State University-Iligan Institute of Technology]]></category>
		<category><![CDATA[Mindanao Young Engineers and Scientists Summit]]></category>
		<category><![CDATA[nuclear energy]]></category>
		<category><![CDATA[Nuclear energy development in the Philippines]]></category>
		<category><![CDATA[Ronnie L. Aperocho]]></category>
		<category><![CDATA[sustainable energy]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=61004</guid>

					<description><![CDATA[As part of its commitment to equip and empower the country’s future power industry experts, Meralco Power Academy (MPA) has partnered with Mindanao State University-Iligan Institute of Technology (MSU-IIT) to promote energy education and innovation. Key officials from both parties signed a memorandum of understanding at the power utility’s headquarters in Pasig City to formalize [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p>As part of its commitment to equip and empower the country’s future power industry experts, Meralco Power Academy (MPA) has partnered with Mindanao State University-Iligan Institute of Technology (MSU-IIT) to promote energy education and innovation.<br><br>Key officials from both parties signed a memorandum of understanding at the power utility’s headquarters in Pasig City to formalize the partnership that aims to enhance capability building through the conduct of specialized learning events and training programs. These are envisioned to allow students to gain valuable industry experience through immersion and internship opportunities.<br>“In the past, higher education institutions and industry are moving towards different directions. The solution towards that is strengthening the collaboration of industry and academia—not only in the development of talent and workforce but even in the field of research and development,” MSU-IIT Chancellor Alizedney M. Ditucalan said.<br><br>The collaboration covers a range of initiatives designed to foster innovation and research in the energy sector, including joint efforts in organizing events including the Mindanao leg of the Young Engineers and Scientists Summit, as well as co-development of a curricula for advanced degree programs in renewable energy and nuclear science. <br><br>It will also cover professional lectures, research conferences, and laboratory collaborations that will contribute to the country’s growing pool of energy professionals.<br><br>For Meralco Executive Vice President and Chief Operating Officer and MPA President Ronnie L. Aperocho, an outstanding MSU alumnus himself, forging these partnerships is part of MPA’s broader mission to support the country’s energy transition.<br><br>“This collaboration is more than just an agreement—it reflects a shared vision of building a future-ready energy workforce. Together with MSU-IIT, we strive to equip aspiring engineers and scientists with the skills and knowledge to drive the Philippines toward a more sustainable energy landscape,&#8221; Aperocho concluded.</p>
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		<title>Renewable energy dominates ₱1.9 trillion PH investment boom</title>
		<link>https://thephilbiznews.com/2025/02/24/renewable-energy-dominates-1-9-trillion-ph-investment-boom/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=renewable-energy-dominates-1-9-trillion-ph-investment-boom</link>
					<comments>https://thephilbiznews.com/2025/02/24/renewable-energy-dominates-1-9-trillion-ph-investment-boom/#respond</comments>
		
		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Mon, 24 Feb 2025 07:45:00 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[ACTIS]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Bases Conversion and Development Authority (BCDA)]]></category>
		<category><![CDATA[BlackRock]]></category>
		<category><![CDATA[Board of Investments (BOI)]]></category>
		<category><![CDATA[Clark Development Corporation (CDC)]]></category>
		<category><![CDATA[Foreign Investment]]></category>
		<category><![CDATA[Frederick D. Go]]></category>
		<category><![CDATA[Investment from Australia]]></category>
		<category><![CDATA[Investment from Japan]]></category>
		<category><![CDATA[Investment from Singapore]]></category>
		<category><![CDATA[Investment from South Korea]]></category>
		<category><![CDATA[Investment from Switzerland]]></category>
		<category><![CDATA[Investment from The Netherlands]]></category>
		<category><![CDATA[Investment from United Kingdom]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Macquarie]]></category>
		<category><![CDATA[Meralco]]></category>
		<category><![CDATA[MGen]]></category>
		<category><![CDATA[Perry Rodolfo]]></category>
		<category><![CDATA[Philippine Economic Zone Authority (PEZA)]]></category>
		<category><![CDATA[Singapore]]></category>
		<category><![CDATA[South Korea]]></category>
		<category><![CDATA[SunAsia Energy]]></category>
		<category><![CDATA[SunAsia Group]]></category>
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		<category><![CDATA[the Netherlands]]></category>
		<category><![CDATA[Top foreign investors]]></category>
		<category><![CDATA[United Kingdom]]></category>
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		<guid isPermaLink="false">https://thephilbiznews.com/?p=58584</guid>

					<description><![CDATA[Renewable energy dominates the Philippine investment landscape in 2024, securing ₱1.3 trillion, or 68%, of the total ₱1.9 trillion in approved investments. The Board of Investments (BOI) said this record-breaking achievement highlights the Marcos Jr. administration’s successful push to position the Philippines as a leading investment destination, with overall investment figures surpassing 2023 numbers by [&#8230;]]]></description>
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<p>Renewable energy dominates the Philippine investment landscape in 2024, securing ₱1.3 trillion, or 68%, of the total ₱1.9 trillion in approved investments.</p>



<p>The Board of Investments (BOI) said this record-breaking achievement highlights the Marcos Jr. administration’s successful push to position the Philippines as a leading investment destination, with overall investment figures surpassing 2023 numbers by more than 29%.</p>



<p>The emerging trend is: Filipino-owned projects secure foreign partnerships thus ensuring sustained industry development and greater global integration.</p>



<p>For example, Terra Solar of MGen (Meralco), the second-largest RE project registered in 2024, began as a fully Filipino-owned entity but is now 40% owned by UK-based ACTIS. Similarly, SunAsia Energy, originally 100% Filipino, has received backing from Australian firm Macquarie, with five projects in Laguna Lake involving foreign ownership. Tera Renewables, initially a Filipino company, is now supported by U.S.-based investment giant BlackRock.</p>



<p>According to a BOI news release, domestic investments more than doubled from ₱578 billion in 2023 to ₱1.35 trillion, while foreign investments accounted for ₱544 billion.</p>



<p>Special Assistant to the President for Investment and Economic Affairs (SAPIEA) Frederick D. Go emphasized the broader economic impact, noting these investments are expected to generate over 130,000 jobs, according to data from various investment promotion agencies.</p>



<p>“This unprecedented performance shows growing investor confidence in the Philippines and the success of the administration’s investment and economic policies,” said SAPIEA Go.</p>



<p>“We are optimistic that these approved projects will translate into tangible economic benefits, including more and better job opportunities for Filipinos, and pave the way for sustainable, investment-led growth,” he added.</p>



<p>Key contributors to this milestone are BOI, Philippine Economic Zone Authority (PEZA), Clark Development Corporation (CDC), and Bases Conversion and Development Authority (BCDA).</p>



<p>Trade Undersecretary Perry Rodolfo noted the importance of both the scale and the nature of the investments.</p>



<p>“The projects approved focus on sectors that will modernize and transform the Philippine economy—such as renewable energy, telecom infrastructure, innovation-driven light manufacturing, and integrated tech-enabled agriculture,” Rodolfo said.</p>



<p>Aside from renewable energy, other sectors like manufacturing (₱144 billion), real estate (₱138 billion), transportation and storage (₱131 billion), and electricity, gas, steam, and air conditioning supply (₱79 billion) also attracted significant investments.</p>



<p>Switzerland, South Korea, the Netherlands, Japan, and Singapore emerged as the top foreign investors.</p>



<p>The BOI said that as the Philippines continues its upward investment trajectory, these developments reflect the growing appeal of the country to global capital. The evolving ownership landscape signals a maturing investment climate, fostering strong local participation while leveraging international partnerships to drive long-term, sustainable growth.</p>



<p></p>
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		<title>Meralco, Doosan Enerbility Forge Strategic Alliance For Low-Carbon Energy Projects in PH</title>
		<link>https://thephilbiznews.com/2024/10/09/meralco-doosan-enerbility-forge-strategic-alliance-for-low-carbon-energy-projects-in-ph/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=meralco-doosan-enerbility-forge-strategic-alliance-for-low-carbon-energy-projects-in-ph</link>
		
		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Wed, 09 Oct 2024 07:13:00 +0000</pubDate>
				<category><![CDATA[Power]]></category>
		<category><![CDATA[Doosan Enerbility Co. Ltd.]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[Jungkwan Kim]]></category>
		<category><![CDATA[Manila Electric Company]]></category>
		<category><![CDATA[Manuel V Pangilinan]]></category>
		<category><![CDATA[President Yoon Suk Yeol]]></category>
		<category><![CDATA[Ronnie L. Aperocho]]></category>
		<category><![CDATA[South Korea investment]]></category>
		<category><![CDATA[Yeonin Jung]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=55181</guid>

					<description><![CDATA[The Manila Electric Company (Meralco), the Philippines’ largest electric distribution utility, and South Korea’s Doosan Enerbility Co., Ltd., have signed a memorandum of understanding (MOU) to explore strategic collaborations on developing low-carbon energy projects in the Philippines aligned with their respective commitments to drive innovation and sustainability in the energy industry. The partnership between Meralco [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p>The Manila Electric Company (Meralco), the Philippines’ largest electric distribution utility, and South Korea’s Doosan Enerbility Co., Ltd., have signed a memorandum of understanding (MOU) to explore strategic collaborations on developing low-carbon energy projects in the Philippines aligned with their respective commitments to drive innovation and sustainability in the energy industry.</p>



<p>The partnership between Meralco and Doosan will focus on several key initiatives, such as the potential deployment of nuclear power facilities in the country, including the rehabilitation of the Bataan Nuclear Power Plant (BNPP). In addition, they will also study the use of small modular reactors (SMRs) to help meet the country’s growing power demand and achieve long-term energy security.</p>



<p>To help reduce carbon emissions, Meralco and Doosan will work together on the possible deployment of greenhouse gas reduction equipment, such as ammonia co-firing technology, for ageing thermal power plants.</p>



<p>The MOU also covers the possible development and supply of gas turbine for combined cycle power projects of Meralco’s subsidiaries, with Doosan to serve as the engineering, procurement, and construction (EPC) contractor for these projects.</p>



<p>Doosan Enerbility’s Vice Chairman Yeonin Jung said: “Our partnership with Meralco marks a significant milestone in advancing energy innovation and sustainability in the Philippines. By working together on transformative projects, this collaboration will contribute to the modernization of the country’s energy infrastructure and help ensure a stable and long-term supply of clean, reliable power. We are committed to being a strong and dependable partner to the Philippine power sector, supporting its continued growth and development.”</p>



<p>“It has always been Meralco’s commitment to proactively support the Philippine government’s thrust to achieve energy security which is crucial to our national development. Partnering with reputable and dependable companies like Doosan aligns well with our pursuit to continuously explore innovative energy solutions that we can adopt as we work towards ensuring the availability of sufficient, affordable and reliable power to meet our country’s long-term goals,” said Meralco Chairman and Chief Executive Officer Manuel V. Pangilinan, who led the ceremonial signing of the MOU.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="750" height="559" src="https://thephilbiznews.com/wordpress/wp-content/uploads/2024/10/viber_image_2024-10-10_00-19-26-076.jpg" alt="" class="wp-image-55183" srcset="https://thephilbiznews.com/wordpress/wp-content/uploads/2024/10/viber_image_2024-10-10_00-19-26-076.jpg 750w, https://thephilbiznews.com/wordpress/wp-content/uploads/2024/10/viber_image_2024-10-10_00-19-26-076-300x224.jpg 300w, https://thephilbiznews.com/wordpress/wp-content/uploads/2024/10/viber_image_2024-10-10_00-19-26-076-150x112.jpg 150w, https://thephilbiznews.com/wordpress/wp-content/uploads/2024/10/viber_image_2024-10-10_00-19-26-076-485x360.jpg 485w, https://thephilbiznews.com/wordpress/wp-content/uploads/2024/10/viber_image_2024-10-10_00-19-26-076-696x519.jpg 696w" sizes="(max-width: 750px) 100vw, 750px" /><figcaption class="wp-element-caption"><strong><em>STRENGTHENED COOPERATION TO POWER PROGRESS. The memorandum of understanding between Manila Electric Company (Meralco) and Doosan Enerbility Co., Ltd. aims to strengthen the cooperation between the two companies to accelerate development in the Philippine generation sector. In photo are from left,  Department of Trade and Industry Secretary Christina Aldeguer Roque, Meralco Chief Operating Officer Ronnie L. Aperocho, Doosan Vice Chairman and Chief Operating Officer Yeon-in Jung, and Deputy Prime Minister for Economy Sang-mok Choi.</em></strong></figcaption></figure>



<p>The partnership comes as the Philippines and South Korea agreed to conduct a feasibility study on the revival of the Bataan Nuclear Power Plant (BNPP). The MOU between Meralco and Doosan was presented during the Philippines-Korea Business Forum, which forms part of South Korean President, which forms part of the recent state visit of <a href="https://thephilbiznews.com/2024/10/08/ph-south-korea-sign-six-new-agreements-during-president-yoons-state-visit/">South Korean President Yoon Suk Yeol </a>in Manila.</p>



<p>Reinforcing the Philippines and Korea’s shared commitment to sustainable development and energy security, Meralco actively participates in nation-building by addressing the country’s energy challenges with meaningful partnerships and innovative projects.</p>
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		<title>PH eyes investment from UAE-based Masdar to bolster renewable energy in the country</title>
		<link>https://thephilbiznews.com/2024/10/09/ph-eyes-investment-from-uae-based-masdar-to-bolster-renewable-energy-in-the-country/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ph-eyes-investment-from-uae-based-masdar-to-bolster-renewable-energy-in-the-country</link>
		
		<dc:creator><![CDATA[Monsi A. Serrano]]></dc:creator>
		<pubDate>Wed, 09 Oct 2024 03:07:00 +0000</pubDate>
				<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment from UAE]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=55158</guid>

					<description><![CDATA[By Monsi A. Serrano With the ongoing FTA negotiators between the Philippines and the United Arab Emirates and the country&#8217;s commitment to fostering sustainable economic growth in the Indo-Pacific, the Department of Trade and Industry met with the top executives of Masdar International and discussed the investment opportunity in renewable energy in the country. The meeting highlights [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p><strong>By Monsi A. Serrano</strong></p>



<p>With the ongoing FTA negotiators between the <a href="https://thephilbiznews.com/2024/09/12/ph-uae-trade-agreement-to-spur-more-economic-engagements-in-the-middle-east/"><strong>Philippines and the United Arab Emirates</strong> </a>and the country&#8217;s commitment to fostering sustainable economic growth in the Indo-Pacific, the Department of Trade and Industry met with the top executives of Masdar International and discussed the investment opportunity in renewable energy in the country.<br><br><span style="box-sizing: border-box; margin: 0px; padding: 0px;">The meeting highlights the significance of </span>boosting the <a href="https://thephilbiznews.com/2024/05/22/president-marcos-says-ph-aims-to-lead-renewable-energy-revolution-in-the-indo-pacific/">Philippines&#8217; renewable energy sector</a> and underscores the country&#8217;s growing attractiveness as a destination for clean energy investment in Asia. Masdar, established in 2006 as part of the UAE government’s commitment to clean energy leadership, aims to develop up to 2GW of renewable energy capacity in the ASEAN region by 2025.</p>



<p>&#8220;The Philippines is rapidly emerging as a key player in the Asian renewable energy market,&#8221; said Secretary Roque. &#8220;We are delighted to partner with Masdar to accelerate the development of solar, wind, and geothermal projects, which are vital to achieving our sustainability and energy security goals.&#8221;</p>



<p>Masdar is actively exploring partnership opportunities in the Philippines to invest in renewable energy projects, with a focus on solar, wind, and geothermal power. With this, Secretary Roque shared about the Philippines’ National Renewable Energy Program (NREP), which aims to boost the country’s renewable energy share to 35% by 2030 and 50% by 2040. This comprehensive target, alongside the nation’s stable economic climate and supportive regulatory environment, presents an excellent opportunity for Masdar’s growth and expansion in the region.</p>



<p>“We welcome Masdar’s vision to invest in the Philippines as it aligns perfectly with the vision of President Marcos Jr. for a greener future. The DTI and the Philippine government are committed to supporting sustainable energy initiatives that will not only drive economic growth but also ensure a greener future for our nation.” Secretary Roque added.</p>



<p>The meeting with Masdar is part of Secretary Roque’s official visit to the UAE, where she engages with key stakeholders to promote investment opportunities in the Philippines across various sectors. Attracting investments in renewable energy is a critical component of the Philippine government’s strategy to achieve energy self-reliance and mitigate the impact of climate change.</p>
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		<title>Freya Renewables gets greenlight for its ₱7.5B solar power project</title>
		<link>https://thephilbiznews.com/2024/08/30/freya-renewables-gets-greenlight-for-its-%e2%82%b17-5b-solar-power-project/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=freya-renewables-gets-greenlight-for-its-%25e2%2582%25b17-5b-solar-power-project</link>
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		<dc:creator><![CDATA[The Philippine Business and News]]></dc:creator>
		<pubDate>Fri, 30 Aug 2024 00:25:51 +0000</pubDate>
				<category><![CDATA[Investment]]></category>
		<category><![CDATA[Acciona Energía]]></category>
		<category><![CDATA[Carola D. Carrion]]></category>
		<category><![CDATA[Cesar Ignacio D. Carrion]]></category>
		<category><![CDATA[Daanbantayan Solar Power Project]]></category>
		<category><![CDATA[Freya Renewables Inc.]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[Isabel Solar Power Project]]></category>
		<category><![CDATA[Toledo Alpha project]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=54027</guid>

					<description><![CDATA[Freya’s achievements in August extend beyond recognition from the BOI. The company also secured two Service Energy Operating Contracts (SEOCs) from the Department of Energy for the Isabel and Toledo Alpha Solar Power Projects. These contracts enable progress in critical pre-development activities and feasibility studies. The Isabel Solar Power Project in Leyte is projected to [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p>Freya’s achievements in August extend beyond recognition from the BOI. The company also secured two Service Energy Operating Contracts (SEOCs) from the Department of Energy for the Isabel and Toledo Alpha Solar Power Projects. These contracts enable progress in critical pre-development activities and feasibility studies. The Isabel Solar Power Project in Leyte is projected to deliver 79.962 MW of renewable energy, while the Toledo Alpha project in Cebu is expected to generate 178.008 MWp.</p>



<p>In another notable development, Freya participated in a face-to-face consultative meeting hosted by the Department of Energy (DOE) on August 8, 2024. The meeting focused on the recently revised Omnibus Guidelines for Renewable Energy, outlined in Department Circular No. DC2024-06-0018. These updated guidelines are designed to facilitate more efficient project execution and support the DOE&#8217;s ambitious target of a 35% renewable energy share by 2032 and 50% by 2040. Freya Renewables presented updates on their wind energy projects, including the Pantabangan Wind Power Project, the Camiguin Onshore Wind Power Project, and the Highlands Guimaras Wind Project.</p>



<p>As Freya Renewables reflects on these achievements, the company remains steadfast in their commitment to driving innovation and sustainability in the renewable energy sector, contributing to a greener and more sustainable future for the Philippines.</p>
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		<title>Morocco unveils ambitious Renewable Energy Plan on 25th year of King Mohammed VI’s enthronement</title>
		<link>https://thephilbiznews.com/2024/08/05/morocco-unveils-ambitious-renewable-energy-plan-on-25th-year-of-king-mohammed-vis-enthronement/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=morocco-unveils-ambitious-renewable-energy-plan-on-25th-year-of-king-mohammed-vis-enthronement</link>
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		<dc:creator><![CDATA[Veronica Uy]]></dc:creator>
		<pubDate>Mon, 05 Aug 2024 09:01:00 +0000</pubDate>
				<category><![CDATA[Embassy News]]></category>
		<category><![CDATA[Renewable Energy]]></category>
		<category><![CDATA[Investment in renewable energy]]></category>
		<category><![CDATA[Investment of Morocco in the Philppines]]></category>
		<category><![CDATA[King Mohammed VI]]></category>
		<category><![CDATA[Moroccan Ambassador Mohammed Rida El-Fassi]]></category>
		<category><![CDATA[Moroccan invetsments in the Philppines]]></category>
		<category><![CDATA[Morocco 2030 Strategy for Renewable Energy]]></category>
		<category><![CDATA[Tangier Mediterranean Port]]></category>
		<category><![CDATA[The Moroccan Family Code]]></category>
		<category><![CDATA[Worcester-Sorbonne Power Station]]></category>
		<guid isPermaLink="false">https://thephilbiznews.com/?p=53351</guid>

					<description><![CDATA[By Veronica Uy At the celebration marking the 25th anniversary of the enthronement of His Majesty King Mohammed VI, Morocco showcased its impressive strides in various sectors, with a particular emphasis on its ambitious renewable energy plans. Moroccan Ambassador to the Philippines Mohammed Rida El-Fassi emphasized the significance of the 2030 Strategy for Renewable Energy. [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p><strong>By Veronica Uy</strong></p>



<p>At the celebration marking the 25th anniversary of the enthronement of His Majesty King Mohammed VI, Morocco showcased its impressive strides in various sectors, with a particular emphasis on its ambitious renewable energy plans.</p>



<p><a href="https://youtu.be/RYsaCS_1Amg?si=ul-Jau6vmhdNWIx-">Moroccan Ambassador to the Philippines Mohammed Rida El-Fassi </a>emphasized the significance of the 2030 Strategy for Renewable Energy.</p>



<p>&#8220;The Kingdom currently aims to increase the share of renewable energy in its total power capacity to 52% by 2030,&#8221; the ambassador announced, outlining the nation&#8217;s forward-thinking approach to energy sustainability.</p>



<p>This initiative is part of a broader effort to transform Morocco&#8217;s energy landscape, reduce dependency on fossil fuels, and position the country as a leader in renewable energy within Africa.</p>



<p>Under the leadership of King Mohammed VI, Morocco has launched several sectoral strategies aimed at stimulating economic growth and fostering sustainable development. The Green Road Plan is designed to boost future production while ensuring environmental preservation. These efforts reflect Morocco&#8217;s broader vision of integrating economic development with ecological responsibility.</p>



<p>Morocco&#8217;s commitment to renewable energy is complemented by a series of transformative infrastructural projects. Notable among these are the Tangier Mediterranean Port, now the largest logistical and industrial port in the continent and the Mediterranean region, and the Worcester-Sorbonne Power Station, one of the largest globally. Additionally, Morocco boasts the first and only high-speed train in Africa, further underscoring its infrastructural advancements.</p>



<p>The ambassador also highlighted the country&#8217;s broader achievements under the reign of King Mohammed VI, including significant political, economic, and social reforms. The Moroccan Family Code, adopted in 2004, promotes gender equality and empowers women in society, while the Equity and Reconciliation Commission, established the same year, addresses human rights issues. The 2011 Constitution is another milestone, strengthening Morocco&#8217;s democratic foundations and modern governance.</p>



<p>In the realm of international relations, Morocco continues to promote values of tolerance, peace, diversity, and intercultural dialogue. The country&#8217;s strategic cooperation with South-Saharan regions and its robust diplomatic relations with the Philippines were particularly highlighted. The reopening of the Philippine embassy in Morocco and numerous high-level visits underscore the dynamic and growing partnership between the two nations.</p>
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